Australian Stock Market Elliott Wave Analysis

By Peter Mathers of Trading Lounge

Elliott Wave Analyst - tradinglounge • Jul 13, 2022 at 12:25 AM EDT

Considering Wave (4) as an Elliott Wave Triangle pattern. the key to it being completed will be CBA dropping close to 90 dollars.

person using MacBook Pro on table

Image Source: Unsplash

Australian Stock Market Elliott Wave Analysis Trading Levels ASX 200 Index (XJO), Forex AUDUSD, Commonwealth Bank CBA, BHP Group (BHP), Rio Tinto (RIO), Fortescue Metals Group (FMG), Woodside (WDS) Santos (STO), Newcrest Mining NCM, VanEck Gold Miners ETF GDX, Technical Analysis Trading Strategies

ASX200 Market Summary Elliott Wave ASX200: Considering Wave (4) as an Elliott Wave Triangle pattern. the key to it being completed will be CBA dropping close to 90 dollars.
ASX200 Trading Strategy: Waiting for a session for the short trade setups

Video Length: 00:26:36

Video Chapters
00:00 ASX200 (XJO)
08:38 Commonwealth Bank CBA
09:39 Iron Ore BHP RIO FMG
12:06 Crude Oil, Natural Gas, STO, WDS
20:08 US Spot Gold, GDX EFT, ASX NCM
21:37 AUDUSD & DXY
26:34 Thanks for watching!

More By This Author:

Bitcoin Elliott Wave Next Leg Lower Has Begun...
U.S. Stocks Elliott Wave Analysis - Earnings Season Is Here
Elliott Wave Trading Strategies - Commodity Futures Markets

Disclosure:

As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances. Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817

Comments

Back to all articles